Nomura downgraded shares of Thomson Reuters Corporation (NYSE:TRI) from a neutral rating to a reduce rating in a research note released on Wednesday morning, ARN reports. They currently have $36.60 target price on the stock, up from their previous target price of $36.50.
Shares of Thomson Reuters Corporation (NYSE:TRI) traded up 0.32% during mid-day trading on Wednesday, hitting $37.10. The stock had a trading volume of 448,916 shares. Thomson Reuters Corporation has a one year low of $27.82 and a one year high of $38.73. The stock’s 50-day moving average is $37.1 and its 200-day moving average is $34.87. The company has a market cap of $30.705 billion and a price-to-earnings ratio of 33.38.
Thomson Reuters Corporation (NYSE:TRI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.02. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Analysts expect that Thomson Reuters Corporation will post $1.86 EPS for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Monday, December 16th. Investors of record on Thursday, November 21st will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, November 19th.
A number of other firms have also recently commented on TRI. Analysts at FBR & Co. initiated coverage on shares of Thomson Reuters Corporation in a research note to investors on Thursday, November 21st. They set an outperform rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Thomson Reuters Corporation in a research note to investors on Wednesday, November 20th. They set an outperform rating and a $44.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Thomson Reuters Corporation in a research note to investors on Tuesday, November 5th. They set an equal weight rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Thomson Reuters Corporation presently has an average rating of Hold and an average price target of $37.96.
Thomson Reuters Corporation (NYSE:TRI) is a provider of information for the world’s businesses and professionals.
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